CRAFTSMAN - Cup and Handle breakout
CRAFTSMAN - Cup and Handle breakout
Disclaimer:-
This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
Disclaimer:-
This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
Trade active
Key Observations from the Chart
Upward Trend: The overall trend of the chart is upward, suggesting a bullish sentiment for Craftsman Automation Ltd.
Cup and Handle Formation: A potential "Cup and Handle" pattern is observed, which can often signal a bullish continuation after a period of consolidation.
Support and Resistance: The green trendline acts as support, while the horizontal line near the previous high serves as resistance.
Volume: The volume appears to be increasing as the price approaches resistance, indicating growing interest in the stock.
Positive Indicators: The Relative Strength Index (RSI) is currently above 50, suggesting a bullish bias.
Trade closed: target reached
10% Archived
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.